Q4 Question 4 12 Points EPC Ltd is considering a three-year investment project and will use a cost of capital of 12% to evaluate it. The company's corporate tax rate is 30% and the project team has prepared the following incremental cash flow projections. Year o Year 1 Year 2 Year 3 Sales revenues S100,000 $100,000 $100,000 Cost of goods sold (50% of revenues) 550.000 $50,000 $50,000 Depreciation expense $30,000 $30,000 $30,000 Increase in net working capital $5,000 $5,000 $10,000 Initial outlay $20,000 Calculate the project's net present value. Show your calculations. Enter your answer here i Please select Selectes